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Views: 97 DOM: 88 Updated: 07.26.24 Posted: 06.20.24 Status: Active

Summary

Price $1,173,571
Built/Renov 1940/2021
Tenant High Profile
Cap Rate 10.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,600
Lease Start 06-22-2021
#Units 24
Price/SF $451.37
Expiration 06-21-2028
Tenant Type General Retail
NOI $117,357
R. Term 3.9
Ownership Fee Simple
Rent/SF $45.14
Increases 2.0%/1/yrs
Pop 5Mi 152,198
Lot/AC 0.38
Options 2/5yrs/2%
AHHI 5Mi $75,721

Lease Highlights

  • High Profile has 4 years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

High Profile is strategically located on South Westnedge Avenue, with two points of entry and access to 2,600 vehicles passing by daily. The property is about 4 miles south of downtown Kalamazoo and less than two miles north of The Crossroads Shopping Mall, a super-regional shopping mall, and The Southland Shopping Center. The immediate area is surrounded by well-known national tenants,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: High Profile
  • Guarantor:Corporate
  • Company:C3 Industries
  • # Units:24
  • Stock:Private

About Tenant

High Profile is a medical and recreational cannabis retail dispensary that curates and sells premium cannabis flowers and products. They are a wholly owned subsidiary and retail branch of C3...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,576 70,973 151,627
2023 Total Population : 8,750 71,417 152,198
2023 Employed Civilian Pop : 4,906 37,489 78,433
2023 Total Businesses : 411 3,536 6,577
2023 Average Household Income : $ 81,216 $ 76,622 $ 75,721
2023 Total Consumer Spending : $ 274 M $ 2013 M $ 4256 M
2023 Median Age : 37 33 33
2023 Total Households : 3,869 29,998 64,223
2023 Pop Age 25+: Bachelor's Degree : 1,765 11,386 24,567
2023 Average Home Value : $ 245,603 $ 221,836 $ 225,575
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Kilgore Rd 2021 26,420 0.03 mi
M-331 Liberty St 2020 23,188 0.03 mi
200 FEET W OF WESTNEDGE (IN KALAMAZOO) 2021 802 0.11 mi
DENWAY DR Denway Cir 2020 704 0.11 mi
S Westnedge Ave Buchanan Ave 2015 26,800 0.17 mi
Duke Street 2019 1,396 0.32 mi
W Kilgore Rd Pleasant Ave 2021 1,306 0.32 mi
S Westnedge Ave Old Kilgore Rd 2021 11,767 0.37 mi
West Kilgore Road 2019 11,139 0.37 mi
M-331 2021 8,188 0.38 mi

Listing Broker

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